Fischer Optimistic About U.S. Economy in 2014, Report Says

Stanley Fischer is reportedly optimistic about the outlook for the U.S. economy in 2014. We picked up on the following comment that he was reported to have made at the 2013 Globes Israel Business Conference on Dec. 9.

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Former governor of the Bank of Israel Stanley Fischer

“The American economy is beginning to grow at a faster pace, people are less worried about the global economy than they were 6 months ago; the situation is a little better. I think 2014 will be better for the global economy.” That’s according to Globes.

The Fed will be considering next year whether to pull back on a bond buying program meant to boost the economy. Mr. Fischer is expected to be nominated by President Barack Obama to become the Federal Reserve vice chairman, which makes his views about the economic outlook important. He hasn’t been named yet.

He also offered this coy tidbit on his future, according to Globes: “These days, I am looking for work. The advice I received was not to accept a position until I had waited at least six months, which is in three more weeks, so it seems I am nearing a decision.”

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